08.08.2016 - Economists see lower Temasek, GIC returns denting govt coffers
The current brittle investment climate has weighed on Singapore's sovereign wealth fund GIC and state investor Temasek Holdings. This will in turn affect the government's coffers, observers told The Business Times. They add that with both entities expecting the situation to drag on for years, there is a pressing need to review the role these contributions play in the fiscal budget. Economists point out that GIC and Temasek have ridden on earlier economic boom and bust cycles, boosting their portfolios with high asset returns...............................................Full Article: Source
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